Oldcastle Glass® Sells Translucent Business to
|Major Industries will add skylights acquired
from Oldcastle Glass® to its existing lines, which include
the Guardian 275® product line pictured here.
Oldcastle Glass® has reached an agreement to sell its translucent
wall and skylight business to Major Industries. Under the terms
of the sale, Major Industries will assume the translucent wall and
skylight backlog, and provide warranty support for existing installations.
The sale is expected to close by the end of July.
According to an Oldcastle Glass announcement, the sale will allow
its Engineered Products group to focus on custom-engineered curtainwall,
storefronts, architectural windows and skylights. The company's
curtainwall products will be marketed under a new brand, Oldcastle
"Through recent acquisitions, we have become a market leader
in custom-engineered curtainwall and have assembled a comprehensive
range of best-in-class products," says Ted Hathaway, Oldcastle
Glass chief executive officer. "Oldcastle Glass Skywall is
the brand for our integrated, custom-engineered curtainwall systems
to close the building envelope."
The acquisition also allows Major Industries to expand its business.
"Major Industries' strategic acquisition of translucent panel
skylights and curtainwall products from Oldcastle Glass® creates
a full range of translucent daylighting products and cost-effective
solutions for the fenestration industry, regardless of the application
and price point," says Wayne Toenjes, president of Major Industries
Inc. "In today's world of high energy costs, our expanded offering
of energy-efficient, LEED®-friendly products is expected to
meet the needs of architects and building owners wanting to use
natural daylight in the most cost-effective manner."
HERE to read the Oldcastle Glass press release.
HERE to read the Major Industries press release.
HERE to learn more about Oldcastle's July 2007 acquisition of
the Vistawall Group, including its Naturalite and Skywall skylight
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